Kazakhstan, Iran ink various agreements on co-op, investment | Lao Tribune

Kazakhstan, Iran ink various agreements on co-op, investment

Kazakhstan and Iran have signed a number of agreements in various spheres following the meeting of Kazakhstan-Iran Business Council held in Tehran, read a message from Kazakhstan’s Baiterek national management holding Apr.11.

The parties have signed export contracts for supplying agricultural and engineering products to Iran and agreements on the joint implementation of projects in chemical and petrochemical spheres.

One of the major agreements in terms of the volume of investments is the one signed between the Investment Fund of Kazakhstan and Iran’s Kaveh Glass Industry Group on constructing a plant for soda ash production in Kazakhstan’s Kyzylorda province. The cost of the agreement is $200 million.

Moreover, the parties have inked a large package of agreements on the import and export of agricultural products. A number of Kazakh companies have agreed on exporting meat and grain products.

Kazakhstan’s Alageum Electric company inked an agreement with Iran’s Niroo Nransfo Co. for supplying transformers and transformer oils to Iran.

Moreover, Kazakhstan’s ‘Topan’ company and Iran’s Electro Kavir Co. have agreed to create a joint venture on Iran’s territory for further supply of the systems of technological and commercial accounting of hydrocarbons.

The parties also inked an agreement to implement a project for constructing a solar power plant with the capacity of 50 megawatts in Kazakhstan’s Almaty province.

Source: Trend